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JPMorgan, Portugal in talks to resolve swaps tussle-source
ReutersLONDON, May 15 (Reuters) - The Portuguese government and JP Morgan Chase & Co are attempting to resolve a tussle over potentially costly derivative contracts sold by the U.S. investment bank to state-owned companies. One source familiar with the...Tags: Portugal, New Products, Lisbon (Portugal), Deutsche Bank AG
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JPMorgan, Portugal in talks to resolve swaps tussle: source
ReutersLONDON (Reuters) - The Portuguese government and JP Morgan Chase & Co are attempting to resolve a tussle over potentially costly derivative contracts sold by the U.S. investment bank to state-owned companies. One source familiar with the situation, who...Tags: Portugal, New Products, Lisbon (Portugal), Deutsche Bank AG
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Deere lowers sales outlook; shares fall
Reuters(Reuters) - Deere & Co issued a cautious fiscal-year outlook that sent its shares down more than 5 percent and overshadowed a rise in quarterly profit. The No. 1 farm equipment maker said on Wednesday that chilly, rainy weather had delayed plantings in...Tags: Weather Reports, NYSE Euronext, Inc., Earnings Forecasts, Economy, Business and Finance, Thomson Corporation
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Analysis: For all the debt, there's a shortage of bonds
ReutersLONDON (Reuters) - Debt may be everywhere but there's a scarcity of bonds. With governments awash with debt and furiously selling new securities to fund bloated budget deficits, the idea of a bond shortage on the marketplace may sound puzzling. Yet...Tags: Ben Bernanke, Finance, Federal Reserve, Economy, Business and Finance, Government Debt
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HSBC may cut 14,000 more jobs as revenue faces pressure
ReutersHONG KONG/LONDON (Reuters) - HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue. London-headquartered HSBC is seeking up to...Tags: Investment Service, Banking, Investments, China, Business Enterprises
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Yahoo to ramp up marketing to woo younger users, says CFO
Reuters* Billboards, sports events to be bigger part of mix * Marketing effort targets 18-to-34-year-olds * Seeks to reverse drop in revenue, user engagement * Still mulling future of 35 pct stake in Yahoo Japan By Alexei Oreskovic SAN FRANCISCO, May 14...Tags: Economy, Business and Finance, Marketing, New Products, Companies and Corporations, Facebook
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MOVES-StanChart, J.P.Morgan Private Bank, Marsh
ReutersMay 14 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email to moves@thomsonreuters.com. J.P. MORGAN PRIVATE BANK The unit of J.P. Morgan Chase & Co named Kate Moore as...Tags: Finance, Economy, Business and Finance, BNP Paribas, Gaming, Entertainment
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A taste for defensives sours prospects for European stocks
Reuters* Defensive stocks unusually leading Europe stock rally * Healthcare price/earnings ratios at five-year highs * Fund managers still favour defensives -BofA ML survey By Tricia Wright LONDON, May 14 (Reuters) - Defensive stocks such as healthcare...Tags: Finance, Earnings Forecasts, Economy, Business and Finance, Pharmaceuticals, Companies and Corporations
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GLOBAL MARKETS-Shares fight back, oil slides as dollar momentum returns
Reuters* Dollar index down as euro, yen edge higher * Commodities pause from selling, gold steadies * European shares dip; ZEW, euro zone industrial data eyed By Marc Jones LONDON, May 14 (Reuters) - Signs the dollar was preparing for another move higher held...Tags: Petroleum Industry, Federal Reserve, Finance, Economy, Business and Finance, Land Price
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Fed says some were underpaid in foreclosure settlement
ReutersWASHINGTON (Reuters) - A multi-bank settlement with regulators over past foreclosure abuses ran into new problems when some borrowers received smaller checks than they should have, the Federal Reserve said on Wednesday. Some 4.2 million people are...Tags: Wells Fargo & Co., Federal Reserve, Foreclosures, Morgan Stanley Dean Witter & Company, Citigroup Incorporated
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PRESS DIGEST - Wall Street Journal - May 14
ReutersMay 14 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * Former Goldman Sachs Group Inc vice president Fabrice Tourre's legal team has a new co-...Tags: Coach Incorporated, The Wall Street Journal, Biology, Science and Technology, Goldman Sachs Group, Inc.
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GLOBAL MARKETS-Asian shares mostly rise, dollar takes breather
Reuters* MSCI Asia ex-Japan up, profit-taking caps Nikkei below recent high * Dollar index down as euro rises on stability in euro zone crisis * Commodities pause from selling, gold recoups previous day's loss By Chikako Mogi TOKYO, May 14 (Reuters) -...Tags: Federal Reserve, Earnings Forecasts, Economy, Business and Finance, European Central Bank, Central Bank
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